My Legacy Advisors LLC Acquires Shares of 22,474 Microsoft Co. (NASDAQ:MSFT)

My Legacy Advisors LLC bought a new position in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 22,474 shares of the software giant’s stock, valued at approximately $10,045,000. Microsoft accounts for approximately 3.2% of My Legacy Advisors LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other large investors have also recently modified their holdings of MSFT. Bayesian Capital Management LP raised its position in shares of Microsoft by 60.1% in the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC increased its stake in Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after purchasing an additional 956 shares in the last quarter. Czech National Bank raised its holdings in Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after buying an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC lifted its stake in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after buying an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $9,538,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $432.11 on Thursday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.30 and a beta of 0.90. The firm’s fifty day moving average is $420.10 and its 200 day moving average is $424.67. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. Sell-side analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has approved a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s payout ratio is 25.97%.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MSFT shares. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, June 17th. Bank of America upped their price target on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company lifted their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.